Larsen & Toubro: L&T India - Stock Investment Idea Weekly Pick
L&T has rebounded from the ₹3150–₹3200 support zone, forming higher bottoms on daily and weekly charts—signaling strong accumulation. The stock has bounced from anchored VWAP and POC lines and is now on the verge of a consolidation breakout. With MACD bullish and RSI steady above 60, momentum looks strong. Enter ₹3740–₹3780 for ₹4300–₹4500. Stop loss: ₹3400.
Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)
- Current Price: ₹3784
- Buying Price: ₹3740 - ₹3780
- Target Price: ₹4300 - ₹4500
- Stop loss: ₹3400
- Upside: 19%
- Time Frame: 6-8 Weeks
Stock Technical Analysis
- Stock made 52-Week high at ₹3963 in Dec24; after making highs, stock had witnessed sharp correction and taken support in ₹3150 - ₹3200 zone
- Since then, stock has been making higher bottom formation on daily as well as weekly chart which indicates buying interest
Stock is bounced from anchored VWAP as well as POC (Point of control) line; stock is on the verge of breakout from consolidation - Momentum indicator MACD has given bullish crossover above 0 level and RSI is sustained above 60 level on the weekly chart which indicates upside momentum is likely to continue in the coming days
Traders can look to accumulate LT in the ₹3740 - ₹3780 zone and expect upside targets of ₹4300 - ₹4500 in 6-8 weeks with stop loss below ₹3400 (closing basis).
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Know more about Larsen & Toubro (L&T)
Website: https://www.larsentoubro.com/
L&T is a leading Indian engineering & construction conglomerate with diversified interests including infrastructure, heavy engineering, power, manufacturing, defence, shipbuilding, IT services, and financial services.
Outlook & What Investors Should Watch
- How well L&T delivers on its margin improvement targets (e.g. engineering EBITDA margin projected to rise).
- Consistency in order inflow and diversification across geographies.
- Commodity price trends (steel, cement, fuel) and interest rate environment.
- Execution discipline in large / international projects to avoid overruns.
L&T is a structurally strong play in India’s infrastructure and engineering landscape with solid financials and diversified exposure. However, investors should monitor project execution risks, margins, and dependency on government spending. It looks well-positioned for long-term growth with nuanced risk.
Disclaimer - Investments in securities market are subject to market risk, read all the related document carefully before investing.
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